The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Can’t sell anyway
If you really need to ask that question, then I suggest you amend your username
Why sell?
Sold out for 8.55p. A bit better than expected, but a painful one given my average was 24p. £ thousands more p!ssed away. Not a good day
An announcement to try and provider greater returns for existing shareholders does the complete opposite.
This needs stopping.
Exactly JCEP. Opening price of 7.5p
Griffiths, Polar and Lombard will be picking up all cheap shares today and hence will get 75% so the resolution will pass
Those willing to hold delisted shares will be able to buy them very cheaply today and might make huge profit in time. Probably directors, managers, friends and large shareholders have a huge advantage. Small shareholders are treated very badly and have so little protection. AIM is a disgrace. Worry is this may set a trend.
Not to mention lost ISA allocation, because you cannot 'replace' the swap.
The big holders couldn't give a flying f... about the small holders, this will go private, be repackaged and list on nasdaq in 18 months with a couple more deals on board. In the meantime, they will squeeze the life of of the small holders.
True, which means they would be subject to CGT in future.
If you go to the ISA website, it says, in bold:
'Note: you cannot hold private company shares in an ISA – only those that are publicly traded'.
Important issue is that it may not be possible to hold delisted shares in and ISA? SIPP may depend on provider?
Why? You will receive a physical share certificate won’t you?
No good if you hold them in an ISA though (I think I am right in saying).
This one was looking like one of the very few good ones in this awful sector.
My condolences to holders here. This looks....shall we say, a sub-optimal decision.
IMO, such a decision might have been more understandable had they released the update and then if the SP went nowhere for a few weeks, then taking a view.
Might have been able to raise cash without too much difficulty within a short period of time as the update and cash position to my mind was hardly dire and sentiment, IMO, pretty good for this name.
But just my opinion, from the outside. Anyway, not my business I guess.
I hope it works out well for holders here.
Every prior RNS talks about massive royalty payments that are due and then all they can talk about in this RNS is the desire to raise a lot more money. They have been misleading investors. I am going to talk to a lawyer about a class action having mislead investors….will probably lead to nothing but one can at least ask.
I guess it’s probably best you hold onto the shares and hope for a sale of the company once private.
Shares are like a minefield
Think about it.
Is it the company and their product that has hooked you in?
Or fact that we are in the AIM?
It's like swimming with money sharks every day, but you are pretty much blind folded, and have money scent using out of you!!!
On this occasion, I am more than happy to follow the investment - stuff the market!
Danno
I agree, this is an absolute sickener. I’m heavily invested here and already underwater. This will tank today. I feel sick
The Company welcomes all Shareholders who wish to remain shareholders of C4X in the event of Cancellation
You find a company where you think you can trust the bod and their science....then they f..k you too.
Sp down to pennies today you’d think
If I've read it correctly, we are allowed to keep our shares and stay invested.
If that's the case, I'm buying more today.
F this joke if the AIM. Investment market my A. Full time price manipulation more like.
GLA
Danno
Really poor treatment of holders